Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (35052)	6/30/2005 12:41:09 AM
From: CalculatedRisk	Respond to of 110194

I don't think breaking housing is their intent, but I agree it will have that impact.

To: mishedlo who wrote (35052)	6/30/2005 3:22:11 PM
From: t4texas	Respond to of 110194

short rates will break housing just fine. the interest only and 1 year arms, etc., which are by far where the recent financing has been happening, will dry up with just a few more increases. people who plan to keep the house they live in are getting/have gotten long term mortgages. i know people in ca who speculate with the interest only loans, But their own house has a nice 30 yr. mortgage at a good rate. people with the 1 year arms or interest only loans fully intend to sell before the refinancing comes due. if the rates go up more, they will just sell Sooner. that is the thought i hear.